Free Republic

A New Year's CIA strike in northern Pakistan killed two top al-Qaeda terrorists long sought by the United States, including the man believed to be behind September's deadly suicide bombing at a Marriott hotel in the Pakistani capital, U.S. counterterrorism officials told The Washingon Post today. Agency officials determined in recent days that among the dead in the Jan. 1 missile strike were a Kenyan national who used the name Usama al-Kini and who was described as al-Qaeda's chief of operations in Pakistan and his lieutenant, identified as Sheikh Ahmed Salim Swedan, the sources said. Both men were associated with...

With the Kanjorski Meme still spreading (see Ben Smith, Andrew Leonard, Moldbug, and more), I think I'm finally able to squash it with some hard figures: there never was a $500 billion outflow from any asset class in the space of a couple of hours or even weeks, and the Fed never shut down or froze any money-market accounts. This is not the first time that Kanjorski has made these allegations. But first, it's worth going through the timeline. On September 15, Lehman Brothers failed. The Reserve fund -- which was $64 billion that morning, and which had a substantial...